Tampa BMX Raceway Inc

Analysis

Tampa BMX Raceway Inc is a registered charity in United States, based in Lutz, FL. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tampa BMX Raceway Inc reported income of $61k and spending of $72k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $142k to $61k (-57%), an average of -57% a year. The sharpest change came in the year to December 2023, when income dropped by 57%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Tampa BMX Raceway Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 28th percentile within FL. Charities of a similar size with the same main cause include Franklin Youth Boys Basketball Club Inc ($61k), Marshfield Boys Youth Lacrosse Inc ($61k) and Rye Garnets Ice Hockey Inc ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.9% and program service revenue 95% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.